STill has a bit more to go. Then if all is fundamentally well for Musicoin then it should start heading north.
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lt Coin Analysis - Points out of 10
Date : Since 2017 ( 2 / 10 )
Volume 24 H : 2.69 BTC ( 2 / 10 )
Available Markets* ( 1 / 10 )
Social Media Rate ( 4 / 10 )
Ranks ** - 518 ( 5 / 10 )
Website ( 4 / 10 )
Type Music Coin
Overall ( 4 /10 )
At 50 satoshi , Good Risk & Reward. I personally really like Music Coin Project. However, It has to find a way to get...
Somebody bought for 1h music for 111 bits
Previously, twice we see how the price was moving when it was same vol, now it's a little different, someone fits the price, and with 111 bits, it's up by 25%
Now, with 100 bits, the price would be 500sats
Is that a smart money in the game?
Maybe its time to change trend, remember, volume is the king.
Due to the correlation between BTC and altcoins, all the structure and momentum that was beginning to be created in the last few days were lost as BTC price went down and test lower levels.
BTC higher term market state seems to be pivoting but we remain cautious and doubtful on volumes.
Some coins have awoken our interest but we need more structure and volume.
Music is dirt cheap and on support. Recent updates show their roadmap and ambition in the independent music space - medium.com
With bittrex making a comeback these low volume coins may pick up. Great opportunities to buy cheap are everywhere you look.
Musicoin is revolutionizing music with the blockchain.
A strong project witch offers an alternative for independant music artists to earn money and get rid of the middle men who exploit them without producing nothing.
This project empowers the artists, the creators of value.
On their platform, 1 play = 1 music = about 0.014$ now
To compare, on spotify, 1 play =...
Of all the shitcoins, $music has some of the most potential as an ACTUAL usecase for blockchain tokenization. FA is excellent. TA is bearish to me until the buy zone is hit. team is goofy, but i expect big moves on this project in 2-5 years.
Cup and handle and falling wedge both making it looks good on short and medium term.
Entry can be at breakout of upper line of falling wedge with stop loss below the lower line.
First target should be at the top of handle and in medium term it can reach to depth of cup.
Amazing 1:8 Risk to reward .
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